DXY D1 The dollar index has drifted lower, aligning with the latest developments and insights pertaining to the battle against inflation and central bank interest rates. We witnessed a significant downward move, sliding from 104.000 to 102.000, amounting to a substantial 200-point drop. Subsequently, we are observing a modest rebound, mirroring the overarching...
We were trading south of that $2000/oz price during recent trade, pulling as low as $1975/oz. Again, upside moves witnessed follow FED outlook, a lot of the pairs we follow and trade revolve around the USD and thus a soft USD means ***USD climb higher. Still focussed on that $2000/oz support price, the D1 trend is still valid and pointing to the upside,...
GBPUSD H8 Here is the analysis on GBPUSD, following the signal we posted, closed and fell just short of by 2 pips before flying a solid 210 points. Fuelled by the FED and BOE, both yesterday and today. A rejection from this 1.27200 price down towards 1.26 could be the corrective retest we are looking for. The market bias and direction is now very much evident.
Bullish trend still valid on GBPUSD here, as we sit amongst this 104 handle on the DXY we await a rejection to sail back down to 103 and subsequently 102, 101. Similarly, we see complimentary structure amongst EURUSD too. As mentioned, not expecting anything too exciting today due to market conditions.
DXY D1 Riding the waves of the recent dollar sell-off with style!Currently, we're witnessing a sweet relief rally, flirting with the impressive 104.000 mark and teasing to go even further🚀 Mondays are notoriously chill on the economic data front, and today is no exception. Brace yourself for the excitement, though – tomorrow promises to be the real showstopper!...
XAUUSD D1 Here we can see gold on the daily timeframe, an exciting week last week to say the last, with some big swings seen towards ATH’s and subsequent pullbacks and deeper corrections, testing that $2000/oz handle. We bounced from $2000/oz to around $2008/oz, but this was merely, 0.6R. We are really looking for some defined daily support here on this key...
DXY H8 DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity. It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven...
XAUUSD is currently in proximity to the resistance level at 2035. A decisive breakthrough above this threshold holds the potential to rekindle bullish sentiment, especially in correlation with the anticipated decline in DXY, aligning with our earlier analysis. While keeping a watchful eye on the unfolding market dynamics, it's worth highlighting the identified...
FTSE100 D1 Since breaking south of 7720 during the start of May 2023, we have held this range between 7720 and 72250 support since. Sell zone is between 7700 and 7720, a 20 pip zone. With take profit targets, or our buy zone sitting around 7260 to 7280.
DXY D1 The dollar has sold off a healthy amount from swing lows to swing highs here, but we are now sitting on a key point of pivot. We could look to trade higher in line with a break of trend as indicated, or lower with a continuation of trend. Sitting on the sideline for the moment until we can see some sort of confirmation confirming either of the above.
GBPJPY is flirting between this 185 support price and 188 region, a solid 300 point range, we are hopeful to see a pullback and another opportunity to enter long from this 185 psychological price zone. From here we can look to targets 1R, 3R, 6R respectively. A lucrative setup, with lots of mileage upside, nothing to say we can't target 190.00.
XAUUSD D1 - Long Setup So far this is the plan, scouting out support and psychological price of $2000/oz, to gear up for potential long positions. A solid confluence zone which stacks out fib corrective measure too. 3 confluences, with stops covering previous area of demand and support/trend lows.
XAUUSD D1 Last night, XAUUSD experienced a remarkable surge of +720 points as the markets unfolded, driven by a confluence of factors, previously mentioned above. Notably, the XAUUSD markets are steadily advancing toward historic highs, and the market opening triggered a substantial influx of buying pressure, low volume causing such aggressive spikes, since we...
XAUUSD has showcased remarkable dynamics in recent trading sessions, commencing the week with an extraordinarily bullish momentum and signaling the potential for an immensely bullish monthly closure. In response to this impressive bullish surge, we are strategically considering a sell-off, viewing it as a natural course of simple market corrections. Preceding...
In the realm of EURUSD, a flurry of Euro-related CPI inflation data is poised to make its entrance in just a matter of minutes. Our focus is keenly set on witnessing a more pronounced rejection of the psychological price point at 1.10, paving the way for a potential support discovery around the 1.08500 mark or even the significant 1.0800 whole number. As our...
GBPUSD is elegantly responding to the strategic convergence of resistance and supply prices, seamlessly aligning with the significant milestone of 1.27. In recent trading sessions, these key whole numbers have exhibited remarkable efficacy across the pairs under our scrutiny. Our discerning gaze is now fixed on pinpointing the extent of selling pressure...
DXY D1 - Relief Rally The dollar index has undergone a significant retreat, showcasing a robust decline from the recent swing low to the swing high. It elegantly touched the 618 region, displaying a compelling wick, and gracefully closed just above our crucial 103.000 support level. Anticipating a potential rebound from this fortifying support zone, we may...
GBPUSD D1 We're witnessing a robust ascent in GBPUSD, with the GBP showcasing impressive outperformance against market trends, while the USD lags behind. The bullish momentum has been steadily building since last Thursday. It's intriguing to observe how much further GBPUSD can advance before encountering any notable resistance. Let's keep a close watch on this...